Day: February 5, 2015

Southern Copper (SCCO) Beats Earnings in Q4, Sales Miss

Southern Copper Corporation posted net income of $348 million or 43 cents in the fourth quarter of 2014, down from with $406.2 million or 48 cents in the year-ago quarter. It however beat the Zacks Consensus Estimate of 37 cents.

Timmins Gold Identifies Potential Satellite Deposits North of San Francisco Mine; Drills 33.85 m of 1.29 g/t Au and 10.2 m of 5.52 g/t Au

Timmins Gold Corp. is pleased to announce that its 2014 drill program has identified potential satellite deposits on the North Trend located approximately 2-8 km north of the Company’s San Francisco Mine, located in northern Sonora, Mexico. During 2014 Timmins Gold completed a drill program of approximately 25,000 meters in a combination of core, reverse circulation and rotary air blast drilling on the North Trend, a cluster of high priority targets to the north of the San Francisco Mine identified by previous prospecting and exploration.

Declaración de Ajustes en las Operaciones Mineras de Cosalá, Sinaloa

El día de hoy los directivos de Scorpio Mining se reunieron con empleados en sus operaciones de Cosalá para anunciar los planes de reducir su plantilla en Sinaloa, México. Esta es una muy difícil pero necesaria decisión pues ha quedado claro que las operaciones de Cosalá no son redituables con la fuerza laboral que actualmente opera debido a la continuidad de los bajos precios de la plata y los metales base. Desafortunadamente, lo anterior significa que tenemos que prescindir de aproximadamente 90 puestos los cuales representan alrededor del 24% de la fuerza laboral. Los cambios estarán distribuidos en todos los departamentos y se harán efectivos inmediatamente.

Scorpio Mining Announces Fourth Quarter and Year End 2014 Results and 2015 Guidance

Scorpio Mining Corporation today announced production and preliminary cash costs for the fourth quarter and full year ending December 31, 2014 and provided guidance for 2015 for its Cosalá Operations and Galena Complex. Please note: the merger with U.S. Silver & Gold Inc. closed on December 23, 2014 and the results that follow reflect U.S. Silver & Gold operations for the full fourth quarter and all of 2014. All figures in $USD unless otherwise indicated.

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